The relationship between incomeand expenditure y was estimated bythe following regression equation.ý = 300 + 0.9.rIf a person has income 3500, what isthe predicted expenditure?Select one:a. 3450O b. 2820c. 2280d. 3180

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Answered: The relationship between income a and…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The relationship between income a and expenditure y was estimated by the following regression equation. 300 +0.9x If a person has income 3500, what is the predicted expenditure? Select one: O a. 3450 O b. 2820 c. 2280 d. 3180